A cash-balance plan is a defined benefit plan that is a whole lot like a traditional pension, but with a few elements that closely resemble a 401(k). Here's what's the same: You don't invest any ...
If a farmer would like to deduct more than that, then a cash balance plan may make sense. This type of plan allows a farmer to deduct a much larger amount perhaps $200,000 or more. However ...
One of the most underutilized approaches is also one of the most powerful: cash balance plans, which create the opportunity for both big deductions and big retirement savings. Profit and prosper ...
Typically you need to wait until you reach retirement age to start taking money out of a cash-balance plan. However, unlike a traditional pension plan, a cash-balance plan is portable. That means ...
Amid all the talk of pension plans' demise, one type of defined-benefit plan is growing fast. The trend may be a boon for older business owners who are behind on retirement savings--but it can ...